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12 Jan 2022 09:40
SDIC Power Holdings Co., Ltd.
(GDR under the symbol: "SDIC")
Fourth Quarter 2021 Operating Results
This announcement contains the English translation of the Chinese version of "SDIC Power Holdings Co., Ltd. Fourth Quarter 2021 Operating Results" as published on the website of the Shanghai Stock Exchange, and is provided for your reference only. In case of discrepancy between the Chinese version and the English version, the Chinese version shall prevail.
According to the preliminary statistics of SDIC Power Holdings Co., Ltd. ("the company"), the company's domestic holding enterprises have completed a total of 38.840 TWh of gross electricity generated and 37.806 TWh of net electricity generated in Q4 2021, representing an increase of 7.83% and 7.92% respectively compared with the same period last year. From January to December 2021, the company's domestic holding enterprises have completed a total of 153.669 TWh of gross electricity generated and 149.451 TWh of net electricity generated, representing an increase of 3.63% and 3.47% respectively compared with the same period last year.
In Q4 2021, the average on-grid tariff of the company's domestic holding enterprises is 0.321 RMB / kWh, representing an increase of 5.86% compared with the same period last year. From January to December 2021, the average on-grid tariff of the company's domestic holding enterprises is 0.319 RMB/kWh, representing an increase of 6.12% compared with the same period last year.
The operating results of the company's domestic holding enterprises in 2021 Q4 is as followed:
Items | Gross Electricity Generated (TWh)
| Net Electricity Generated (TWh)
| Average On-grid Tariff (RMB / kWh)
| ||||||
Current period | Same period last year | Change (YOY%) | Current period | Same period last year | Change (YOY%) | Current period | Same period last year | Change (YOY%) | |
Hydropower | 23.635 | 19.938 | 18.54% | 23.501 | 19.820 | 18.57% | 0.241 | 0.257 | -5.99% |
Thermal Power | 13.762 | 14.783 | -6.91% | 12.892 | 13.940 | -7.52% | 0.437 | 0.343 | 27.35% |
Wind Power | 1.062 | 0.975 | 8.96% | 1.038 | 0.952 | 9.00% | 0.493 | 0.494 | -0.09% |
Solar Power | 0.380 | 0.322 | 17.91% | 0.375 | 0.318 | 17.94% | 0.911 | 0.887 | 2.68% |
Total | 38.840 | 36.019 | 7.83% | 37.806 | 35.030 | 7.92% | 0.321 | 0.303 | 5.86% |
The operating results of the company's domestic holding enterprises from January to December 2021 is as followed:
Items | Gross Electricity Generated (TWh)
| Net Electricity Generated (TWh)
| Average On-grid Tariff (RMB / kWh)
| ||||||
Current period | Same period last year | Change (YOY%) | Current period | Same period last year | Change (YOY%) | Current period | Same period last year | Change (YOY%) | |
Hydropower | 88.257 | 88.453 | -0.22% | 87.763 | 87.952 | -0.21% | 0.255 | 0.249 | 2.71% |
Thermal Power | 59.011 | 55.137 | 7.03% | 55.420 | 51.885 | 6.81% | 0.389 | 0.363 | 7.25% |
Wind Power | 4.786 | 3.402 | 40.65% | 4.671 | 3.325 | 40.47% | 0.484 | 0.479 | 0.97% |
Solar Power | 1.615 | 1.290 | 25.17% | 1.597 | 1.275 | 25.31% | 0.918 | 0.892 | 2.83% |
Total | 153.669 | 148.283 | 3.63% | 149.451 | 144.436 | 3.47% | 0.319 | 0.301 | 6.12% |
Explanation of year-on-year changes in gross electricity generated of domestic power plants in 2021 Q4:
1.The main reasons for the overall year-on-year growth of thermal power generation are firstly due to the influence of the growth of social electricity consumption, and secondly due to the
reduction of hydropower electricity in some thermal power areas.
2.The main reasons for the overall year-on-year decrease of hydropower generation include: The drought in water flow of Dachaoshan results in the decrease of gross electricity generated. There is drought in water flow of Yalong River, but the gross electricity generated has increased slightly compared with the same period due to the operation of Yangfanggou Hydropower Station and Lianghekou Hydropower Station.
3. The main reasons for the overall year-on-year growth of wind power generation are the successive commencing commercial operation of wind power stations and the merger and acquisition of wind power projects by the company.
4. The main reason for the overall year-on-year growth of solar power generation is the merger and acquisition of solar power projects by the company.
Explanation of year-on-year changes in average on-grid tariff of domestic power plants in 2021 Q4:
The cost of thermal price has risen affected by the high coal price. According to relevant national policies, the price of thermal power is all formed by the market, and thus the price has increased due to the continuous tension between supply and demand. Meanwhile, the on-grid tariff of power plants fluctuates with the affection of the settlement price and settlement cycle
Among them, Yangfanggou has not yet defined the electricity price mechanism, and Lianghekou is temporarily settled according to the transition period electricity price.
Operating results of overseas power plants in Q4 2021:
In October 2018, the company completed the acquisition of the 50000 kW onshore wind power project, Afton Wind Farm Limited, which is in good operation condition, with a total power generation of 118 million kWh from January to December in 2021; in July 2019, the company completed the acquisition of the 9800 kW waste-to-energy power project in Bangkok, which is in good operation condition, with a total power generation of 78 million kWh from January to December in 2021.
The Board of Directors of SDIC Power Holdings Co., Ltd.
January 12, 2022
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